FBI Wants Federal Data Breach Notification Law Passed

There are currently 45 states that have their own data breach notification bills.  The Chief of the FBI’s Cyber Criminal Section, Jeffrey Troy believes this should be a Federal Law for all states.

“A data breach notification bill would help us tremendously, particularly in terms of efficiency in conducting investigations,” said Troy.

“If U.S. businesses were required to share information about their data breaches, law enforcement agencies could link those attacks to others and potentially stop similar attacks at other organizations.”

“Companies need to think beyond their walls when dealing with cybersecurity issues,” said Troy. “They have to recognize that the Internet has become a global platform for commerce,” he said. “The people that are stealing information from you … are going after the money.”

According to a recent study by Javelin Strategy and Research, consumers who experience a data breach are four times more likely to become a victim of identity theft.